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If wages go up, do fast-food prices have to go up too?

by Janet Nguyen

Nov 15, 2023

In California, the minimum wage is rising to $20 an hour. Could execs, stockholders and franchisees share the costs?

The price of a Big Mac stood at $5.58 in June, according to The Economist's Big Mac index. It was $5.15 a year earlier. But workers have a beef.

Joe Raedle/Getty Images

California's $20 minimum wage for fast-food workers is actually a compromise

by Nova Safo

Oct 2, 2023

Despite one of the highest minimum wages in the country for fast-food workers, fast-food companies still clocked some wins.

California has enacted legislation that will bump fast-food workers’ pay to a minimum of $20 an hour starting next year.

Brandon Bell/Getty Images

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